Egypt Offers 10-Year Bonds for 1st Time Since Mubarak Ouster

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Egypt Offers 10-Year Bonds for 1st Time Since Mubarak Ouster

Bloomberg – Egypt aims to sell 10-year bonds for the first time since the start of its revolution more than a year ago as borrowing costs level off and the nation moves closer to securing a loan from the International Monetary Fund. The government will pay a yield of 17.28 percent at today’s auction of 1 billion Egyptian pounds ($166 million) of the notes maturing in April 2022, according to the average of six fixed- income analysts and traders surveyed by Bloomberg News. Read Article

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